Will Boris Johnson break the Brexit deadlock?

A new prime minister and a clean slate can bring a rejuvenated air of confidence to the UK housing market and while Boris does have a fairly good track record when it comes to housing, he’s probably not the steady hand on the tiller that many would have liked.

He has put his stake in the ground with a number of announcements around the UK housing market but with his plate already rather full, it’s unlikely that any of these will ever come to fruition.

The only reassuring thing is, that despite the absolute spectacle that Brexit has become, the housing market remains resolute and for those with concerns over our new prime minister, you might even go as far to say that it’s Bojo proof.

Mortgage rates will continue to be favourable for those looking to buy, transactions are fairly steady considering, and property values are far from tumbling, so we should see the market strengthen as the year goes on.

Although political uncertainty remains a factor, I don’t think anyone believes we will be leaving in October and whether we do or not, it continues to move further to the back of the minds of UK home sellers and buyers.

 

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About the Author

A board director since 2001, Marc oversees the company’s London rentals operation as well as marketing and developing strategies for new business. He has been instrumental in the company’s expansion, working closely with managing director Anita Mehra to develop its core services and frequently co-hosts property seminars for investors in many international locations. Read more about Marc von Grundherr here - Read full profile

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